Market Research Future Published a Research Study on Specialty Chemicals Market Research Report- Forecast to 2023
Industry Trend News Update:
September 2019 - Maroon Group LLC has acquired Cambrian Solutions, the leading distributor of specialty chemicals and ingredients, based in Ontario, Canada. Cambrian Solutions provide an extensive portfolio of specialty chemicals and ingredients to customers in industrial markets, personal care, health ingredients, industrial and institutional, household food, natural, and organic.
March 2019 - Brenntag has lately acquired NERP (New England Resins and Pigments Corporation), a regional provider of packaging solutions and specialty chemicals with commercial operations chiefly in the states of New England. This acquisition will support Brenntag’s ongoing progress in specialties and also at the same time complement their existence in New England as an unfailing and strong distribution partner. NERP’s specialty chemicals range comprise of additives, resins, functional minerals and color pigments. This acquisition will also strengthen Brenntag’s distribution footprint and thereby facilitate stronger and new relationships with their specialty chemical partners.
August 2018 - IMCD, Netherlands, acquired European Specialty chemicals distributor, Velox.
August 2018 - BASF Chemicals Company strengthened its collaboration with Grolman in Europe for expanding the marketing of the BASF specialty chemicals to Italy, Spain and Portugal.
July 2018 - Halliburton took over Athlon Solutions, a leading provider of specialty oilfield chemicals. Both the companies would benefit from their technology and distribution chain.
June 2018 - AkzoNobel Specialty Chemicals inaugurated a demonstration plant in Sweden, to promote a sustainable technology platform where they will produce ethylene amines.
Browse key industry insights spread across 232 pages with 214 market data tables & 20 figures & charts from the report, “Specialty Chemicals Market Global Research Report, by Source (Crude Oil, Naphtha, Ethane, Propane, Wood, Butane and Others), By Type (Agrochemicals (Insecticide, Fungicides, Herbicides, Ammonium Sulphate Fertilizers, Calcium Nitrate Fertilizers and Others), Flavors Ingredients (Dairy, Beverages, Savory and Others), Fragrances Ingredients (Hair Care, Personal Care, Fabric Care, Others), Dyes & Pigments, Personal Care Active Ingredients, Water Treatment Chemicals (Calcium Nitrate and Other Water Treatment Chemicals), Construction Chemicals (Calcium Carbonate and Other Construction Chemicals), Surfactants (Anionic, Nonionic, Cationic and Amphoteric), Textile Chemicals, Polymer Additives, Bio-Based Chemicals (Acetic Acid, Furfural, Ethanol and Others) and Regions - Growth Potential, Price Trends, Competitive Market Share & Forecast, 2023” in detail along with the table of contents @ https://www.marketresearchfuture.com/reports/specialty-chemicals-market-2026
Specialty Chemicals Market Overview:
Market Research Future (MRFR)’s latest study has revealed that the global specialty chemicals market is set to thrive at a CAGR of 6.21% during the forecast period 2018 to 2023. The market is set to grow from USD 710.03 Bn in 2017 to USD 1000 Bn by the end of 2023. Specialty chemicals have developed an application in different industry verticals such as food, textiles, automobiles, etc. The global market is anticipated to witness a surge in demand in the forthcoming years.
The shift from commodity chemicals to specialty chemicals due to the superiority of specialty chemicals has augured well for the market players. The trend is prognosticated to perpetuate in the foreseeable future. However, the volatile price of raw materials such as petrochemical derivatives remain an impediment to the specialty chemicals market growth and is expected to affect pricing policies adversely.
The demand for specialty chemicals from the automotive industry is the key factor responsible for favoring the expansion of the specialty chemicals market. The growth of the automotive industry directly reflects on the growth of the specialty chemicals market. These chemicals are widely used in lightweight vehicle applications. The upsurge in demand for lightweight automobiles is likely to catapult the market on an upward trajectory.
The specialty chemicals market is entering a maturity phase. However, low operating costs in the Middle East and the Asia Pacific has opened new avenues of growth in the specialty chemicals market. Several end-user industry players are shifting to these regions for establishing manufacturing units. This, in turn, is expected to intensify demand for specialty chemicals in these regions.
Specialty Chemicals Market Key Players:
Some of the leading companies operating in the specialty chemicals market are Evonik Industries AG, Henkel AG & Co, ExxonMobil Corporation, Clariant AG, AkzoNobel NV, Lenzing AG. Most companies are likely to invest in business strategies like mergers and acquisitions to expand their product portfolio and gain competitive edge.
Specialty Chemicals Market Table Of Contents to be Continue……,
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